2013-02-01
2013-02-28
x europe
x apple

STATION
CNBC 51
KICU 3
KQED (PBS) 3
KQEH (KQED Plus) 2
KRCB (PBS) 2
KTVU (FOX) 2
WBAL (NBC) 2
WMPT (PBS) 2
CNNW 1
KGO (ABC) 1
WETA 1
LANGUAGE
English 72

Set Clip Length:


. >> and is steady as she goes, the u.s. economy is expected to keep up the recent trend of modesty of unspectacular job growth in january. >>> plus, the dutch finance minister warns of a worsening deficit this year, this after the government is forced to bail out local banks after a bailout of 3.7 million euros. >>> we kick off with the pmis out of the eurozone. january manufacturing pmi, 47.9. the flash 47.5, december manufacturing pmi was 46.1. it has boosted the euro to maintain its gaze, now back over to 1.3651 and continuing to climb high. that is now a 32-month high against the yen, as well, at 11.25965. the german manufacturing pmi was a little better, as well, this morning. helping to boost those numbers. we suggest that there's benefits from emerging markets rather than, perhaps, from elsewhere in europe. anyway, coming in better once again for the eurozone. still in contraction territory, but, of course, the trend is what is being concentrated on. we had similar indicators for two die verging views on china's recovery. eases to 50.4 for january, that was below the forecast of 5079 the. bu

westgate is away but we'll do our best without him. we have michael brown to help us through things. coming up on the program, we'll head out to hong kong where china is requiring a reinstruct during of the economy. >>> after that, of course, the super bowl wasn't just one of the on biggest sporting events of the year, it was one of the biggest days of the year for madison avenue. we'll take a look at which ads were touchdowns and were ads were fumbles. >> mariana rajoy meets angela merkel. >>> plus, upcoming elections that sylvia berlusconi has called his last great electoral and political battle. >>> the power to split up uk banks if they fail to -- activity. george osborne is expected to give the bank of england the responsibility to make sure banks are involved in these activities. you have to love the extended analogy. watch the george osborne speech live here at 10:30 local for those of you here with us in the uk. in the meantime, there are more charges at the top over at barclay's. last night, the bank's financial chief and financial chief announced their leaving. tomorrow, barclay's

of the pond is the snowstorm. it seems like winds, 50 miles per hour. blizzard conditions in the u.s. we know when there's a storm like that headed for the biggest media market frankly in the world, it's probably all you're going to hear about for a while. >> that doesn't mean there aren't other things, too the. >> that's true, in other parts of the world. >> china is ushering in the year of the snake. i'm not sure what that means, but we'll talk about it. should investors brace for a slippery return? i have to say, previous years of the snakes haven't been that great since the big historical events happen. >> maybe we should call it year of the strong. >>> peugeot reveals massive write-downs as reports suggest the company may nationalize. we'll have details live tr paris at 10:10 cet. sxwt latest on the blizzard threatening to bring chaos to the east coast. we'll have the latest from atlanta. >> and are investments as pretty as a picture or a still life? ross, there's been a couple of big auctions here lately and it's always a good gauge of how well people are doing, how hard assets, real pr

me at 1-800-743-cnbc. when i used to teach selling stocks at goldman sachs, i told trainees you have to be ready to rebut the objections. expect challenges and meet them with good answers that put to rest the worries, concerns that would keep you from buying the stocks you want them to own. today the market put on a virtual rebuttal clinic and it led to a terrific day where the dow soared 179 points and the nasdaq surged 1.04%, as every important objection was silenced. no wonder we're closing in on those all-time highs. what are the negative presumptions that got rebutted? the u.s. economy must be slowing. right? i mean, on account of all that negative stuff people keep talking about. guess what. today made the notion seem fanciful. we got good macro, meaning we saw durable goods data, showing demand for machinery rose the most in two years. how does that happen? it comes on top of the recent increase in container board, the corrugated box stuff that your packages come in, fedex and stuff. one of the most sensitive economic indicators out there and then a $50 increase in sheet steel

or microsoft. maybe cisco is the one to take us to new highs. >> the leader today which was positive, amazon, comcast, our parent 100% now and facebook, so, you know, it's the new technologies that are leading the way here. >> facebook had a nice turnaround after they came out and said they sold apple and buying this one. a big move late in the day but the nasdaq has been positive all day and think that could be the new leader to take us to new highs. >> going well off the lows of the day, the dow down 38 points, the s&p and nasdaq positive. stand by for the very important cisco earnings on the second hour of the closing well with maria. see you tomorrow. >> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. a mixed day for the market. the dow failing to hold on to 14,000 level with the decline of 36 points off the worst levels, even there, as you can see there, a decline of 37 points. take a look at how we're finishing the day overall. a reversal of yesterday's decline

it. it take us four years to get panama and south korea done. it was on the bush table. it took four years to negotiate and we didn't get anything else new. those trade agreements would do all kinds of things for exports. >> are you at all nostalgic about -- ge out of nbc and comcast is running it well. >> comcast has done a great job. look, the market said good for both companies. the market said comcast got a great bunch of assets. ge has more cash to do things with. time and men's fortunes change. you go with the flow. >> every time they do a deal, they say it's great for both parties. stock goes up in one case and down in the other. ge is in one, can use the money, comcast in another and actually worked. >> worked out well. comcast has a great set of assets now a ge has cash to invest in what they want to do. we all do it differently in our times. >> jack, we love you, on valentine's day especially. >> happy valentine's day. >> merger thursday with all these deals. huge day on wall street. almost $100 million in fees for the banks. center view bank. >> make sure you join us tomor

, denying the reports. and countering it was the victim of u.s. hacking. >>> and the bulls are back from a three-day weekend. can the s&p 500 post an eighth straight week of gains? we've got four days to find out. it's tuesday, february 19th, 2013. "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin who is back from vacation. let's get started with the markets. as joe mentioned, the s&p winning streak has been a strong one. in the meantime, the dow is coming off a second straight weekly loss. although, really, if you looked at this last week, it was the ever so slightest of losses. u.s. equity futures are indicated higher. dow up by 21 points. s&p is up by two points above value fair and the nasdaq is up about 3. in 20 minutes, we'll turn to predictions on where the markets go from here. then in the next hour, delivering alpo. we'll talk to the manager of a $11.5 billion hedge fund. this fund was up 30% last year. don't miss pine river's ceo brian taylor. on our radar this morning,

numbers are a positive sign for the u.s. economy. investors were worried about some not so good signals today about europe's economy. stocks turned negative on comments from europe's central bank president saying the strong euro could dampen europe's recovery. here on wall street, the dow fell 42 points, the nasdaq lost three and the s&p slipped over two points. >> tom: still ahead, douglas burtnick joins us, he's with aberdeen asset management. >> susie: a battle is brewing between a big name hedge fund investor and apple. at issue: how to get apple to unlock value for shareholders. today david einhorn of greenlight capital sued apple to block a move that would stop the use of preferred shares. shareholders will vote on this at apple's annual meeting on february 27. what einhorn is proposing is that apple pay out more of its cash hoard to investors, using a special kind of preferred stock. einhorn has a lot at stake: his fund owns more than one million shares of apple, and while the stock rose a bit today, it's down 35% since its peak of $700 last september. late today apple issued thi

. >> reporter: with earnings season winding down, wall street could use some new headlines to chew on. good economic data would be nice. friendly washington politics would also be helpful. tonight's state of the union speech might give investors a clue as to whether that's likely to happen. veteran trader teddy weissberg is hoping president obama will stress the need for bipartisanship but isn't sure that's what he'll hear. >> in terms of tonight, i don't think anybody that i talk to in the wall street arena expects to hear anything terribly dramatic one way or another. >> reporter: since lawmakers and the white house kicked the proverbial can down the road around new years, the stock market has rallied rather nicely. the s&p 500 is up nearly 7% and the dow is about 150 points away from its all-time high. of course, stocks have been getting help from corporate america, too. it turns out fourth quarter profits were better than expected, led by the housing sector and financial firms. >> about 345 companies have reported so far, of which 70% have beaten earnings expectations and 66% have beate

meeting. they're due out later this afternoon in the u.s. will the fomc offer clues on an end to qe3? we're joined at 11:30 to weigh in. >>> with india's government clouded in corruption allegations, we'll speak to one of the country's wealthiest individuals and what it means for business. billionaire udai kotak joins us in 20 minutes' time. >>> plenty coming up including sony which is heading to the bill apple for a major on, national endowment. will the game console giant take the wraps off its rumored playstation? expert analysis at 11:20 cet. >>> and bhb bulletin has posted a steep fall in earnings for the first time in the year. the australian mining giant announced change at the top after the 43% drop in profit. we have more on this report from sydney. >> reporter: the surprise at bhp, billiton's ceo mariu marius kloppers announcement coming earlier than expected. >> coincided today with a weaker pricing environment. but two totally unrelated events. >> reporter: he will be replaced by andrew mckenzie, current head of bhp's middles division. he's well regarded in the industry and s

, and it's kind of interesting. this is a gauge of consumer spending. u.s. sales weakness persisted into early february. remember, we had that e-mail leak. kind of expecting this. walmart is up today. >> today's thing that makes you go hmm. not really sure what atlantic university is thinking. renaming the football stadium to geo group stadium. okay. except geo group is a priflt prison corporation based in south florida. the company will donate 6 million to fau over the next six years, the ceo is an alum and a member of the board of trustees, a good gesture, i get it. the optics, you have to admit, not adele even looking through. attention all red sox fans. curt schilling's bloody sock is up for sale. here's brian schactman. >> reporter: i touched it yesterday. as a sox fan i touched the sock. >> did you wash your hands is this. >> do it like southie does. >> you criticize mine. >> sock. >> reporter: even though it's kind of odd, a long song with dried blood back. those not in the know, want me to keep going like this, sul? 2004. curt schilling pitched a six-inning world series gem

's parent company, amr, and u.s. airways are scheduled for a separate meeting today to talk about a merger. larry shover of sfg alternatives joins us now for some trader talk this morning. good to have you on the show post the president's speech last night. how much will it mean to the markets today? > > you know, it was a really great speech last night, but i think a lot of that was priced into the market, because president obama did lay out his proposals and his plan quite a while ago, and there really was nothing material that changed from what he had spoken about even a couple months ago. > the market seemed to be a little concerned about some statements out of the g-7. how is that playing out? > > it is funny, the market is concerned, but i think they are more concerned with the g20 that is coming up on friday. right now we are just stuck in a micro-range right now, because people don't know what to make of it. there are so many headlines coming out of europe. i don't think people know what end is up right now. > here is a big headline: opec is talking about all the demand out there f

. >> that's why you're a veteran trader on the floor of the stock exchange. thanks for joining us. this will be the first close above 14,000 since february 1st. more on that and, plus, what's going on on carnival cruise lines? i'll see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." take a look at how we're set lipping out on the street today. after a pretty good rally in stocks. nasdaq was under pressure dow up about 47 points. that's off the best levels of the afternoon, and volume really underwe underwhelming today. nasdaq down five points and ath big problem there showing another decline on the session, and the s&p 500 up just a fraction. two and a half points higher. now that we've closed above the five-year high of 14,000, where now? is a new all-time high in the cards this week? my guests join me. thanks for joining us. >> thank you. >> let me kick you off to would. would you put new money to work after these levels? >> i would put new money to work. long-term investors can be dollar-cost a

described, i would say that activists are certainly useful. you can't necessarily take anything at face value because activists are -- have their own agenda, and some of them tend to be more short term. if you're running a company, you don't have the nimbleness and flex ann. you can't change your strategy every day. an activist can get into or out of a shareholding any day. and so you have -- you have different time horizons, maybe different agendas, and a company has to represent all its shareholders, ant not just a portion of its shareholders and think for the long term. but having said that, it's a good part of the cocktail of elements that a ceo should have giving inflooins fluns, and they should be listened to. they shouldn't be taken as gospel. their remarks should be discounted by what you know their interests are, but it should be foolish to take good advice from wherever you want to get it. >> barclays is making news today in cutting more head count. you guys done, happy with where we are as we sit here today? >> we're happy where we are. we're always sculpting our business. in

host who has been back with us, jeremy siegel, the bull. steve liesman, also thank you for sitting in all week. that's been terrific. becky and joe, it's been great. good luck over the weekend. we hope you get back here and it all works out. say hello to nemo and the weather. we're going to see you -- >> be careful with all that snow. >> absolutely. anyway, make sure you join us monday. "squawk on the street" begins right now. >>> good friday morning. welcome to "squawk on the street." i'm melissa lee. we're live from the new york stock exchange. let's see how your friday session is setting up on the u.s. futures. it looks like we'll have a positive session with the s&p looking at 2 at the open, dow looking at 13. in europe, the eu summit continues. but the action really taking its cues from china this morning. we have green arrows across the board in europe. take a look at asia. strong eco data out of china in focus. much more on that in just a moment. the road map begins at the golden arches. not even the cheddar onion burgers could help mcdonald's. they missed estimates in every

kernen and becky quick are reporting. i don't know if i use that word lightly, but from pebble beach in california this morning. we're thrilled to see them. they're going to be talking to a number of people in the world of business and politics. we'll talk a little golf, see how joe is doing out there. joining me in pseudo, our own steve liesman and book brusca. then in the next hour, jeremy siegel is going to join us on set to make his bullish case for the numbers and then, nemo, the powerful storm taking aim at the east coast. forecaster res warning it could be among the worst ever, more than two feet of snow possible in boston. many cities are telling residents, don't travel if you don't have to. airlines are now warning the blizzard could cripple travel and hundreds of flights have already been canceled. we're going to check in one on friends at the weather channel. just a couple of minutes for their latest forecast. also in the news, the justice department in multiple states reportedly discussing suing moody's for defrauding investors. any move likely to make a similar rival aga

for this call. then there's ncl corporation, cruise ship tax are red hot. tuesday brings us to the avon lady in the morning. direct selling has been under a lot of attack, as we know from herbalife. is andrew young still playing a role? hope not. mcgraw-hill also reports tuesday. well, well, well, talk about an earnings side show, let's listen to see how the analysts try to pry some news about the justice department's investigation of s&p's ratings of mortgage-backed bonds, as if anyone actually cares about the earnings. we get results from michael coors, too. we're thinking of developing a great gatsby index. we heard from ralph lauren that things are smoking in this category, not just good but great. can kors deliver? i bet this high end company will be right up there. i took my daughter there earlier this year. after the close we heard from buffalo wild wings. did the super bowl's extra time thanks to the power outage make this the best super bowl ever for buffalo wild wings? we heard from dominos. we need to know. they got a whole commercial about how overtime games make them more money.

you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ >>> brian, this will make you go hmm. more than 100 years after the sinking of the titanic a billionaire tycoon is planning to build "titanic 2." this will be an exact replica of the doomed ocean liner. 40,000 people have already registered for the tickets. what do you think, brian? would you do it? >> i'd do it. why not? >> why not. >> okay. let's take a look at markets real quick. 100 points away from an all-time close. thanks for watching "street signs." >> see you tomorrow. >> hi, everybody. what a week. welcome "closing bell." i'm maria bartiromo at the new york stock exchange. this market off to the races yet again. up almost 200 points right now. >> great to have you back. i'm scott wapner. bill griffith back tomorrow. on today's "closing bell" the march to new all-time highs shifting into high gear. more good news on housing and more signs that fed chairman ben

between 2 and 2.25 like it used to be bouncing between 1.75 and 2. it will just kind of keep doing th that. >> is it healthy -- is it healthy -- >> the interest rate spike will mean too much on the balance sheet. >> is it healthy that the only driver has been the federal reserve? >> that's it. decrease the quantitative easing. that's when we'll see the real spike. if interest rates go up to 2.25% because people are taking money out of equities and the economy is growing a little bit better, that's fine. it's when we start to see incremental tightening at the fed. >> we need some qe from the private sector. >> tightening from the fed? >> good luck on that. >> not getting it though, jeff. >> well, i know. >> they believe in what they are doing, and it hasn't helped the economy. >> we know we have somebody holding our hand so there's no point in doing it. until they step out of the way, there's nothing to trigger those animal spirits. >> great conversation. appreciate it. see you soon. >> meanwhile, legendary investor jim rogers is, now short a certain investment. we'll find out what that is,

on this post-super bowl wrap-up day. steve liesman, we'll see you tomorrow. join us tomorrow. "squawk on the street" starts right now. >>> good morning. welcome to "squawk on the street." i'm carl quintanilla, with melissa lee, jim cramer. david faber is off. signs of reemerging political turmoil, both in spain, and in italy making investors a little bit reluctant to press the button for the upside. it comes after the dow did top 14,000 on friday for the first time in more than five years. look at europe, that's where the story's going to be for most of the morning before we close at 11:30 eastern time. germany taking it down 1,100 points as well. asia got action as well as china. nonmanufacturing came in better than expected. clearly the story is going to be in europe for most of the morning. >> we've certainly seen a flight to safety take place this morning, as we've seen the bond yields, particularly the spanish 10-year bond yields blowing out overnight. we're seeing bids higher today. german bonds also higher. the 10-year yield in the united states, back below 2% at this point. >>

ph ceo carly fiorina here with us as well. >> and a scary story. the federal reserve was hacked. >> what? are you? heard that correctly, maria. the united states federal reserve, the one that ben bernanke heads up, was infiltrated by hackers, and if that can happen to them, is any website safe, we s. we're on top of that developing story at this hour. >> this is a scary story. let's check the market. the dow jones industrial average was positive for a few minutes there. unfortunately, it came right back and went negative again. the dow tune 10.66 points, 13,969 on the industrial average and nasdaq composite weaker and the s&p 500 under pressure by the tune of one point. i have to call this a victory seeing that we've seen such a huge run-up, nothing to write home about these losses. >> at this point, that would be the case. >> less talk about this in today's "closing bell" exchange. jim bianco, our guest from alliance bernstein and steven wood joins us at the new york stock exchange and our own rick santelli joins us from chicago. steven wood, what do you make of the volatility

. that keeps it from earning a decent return for doing nothing at the moment as you used to be able the ofor so long. i have said that the cash itself has gone from being a positive at a time when so many companies have stretched balance sheets to a negative as it generates a small return. i have suggested they put some of the cash to work, buying the growth that many feels like has been lost. perhaps buying twitter to be more moving aggressively into the social media. or netflix. or even somewhat fa she newsly itunes. all that said i never thought in a million years that somehow apple's become a bad actor. because of its conservative ways of handling its bank hoard. i have simply thought that it should be more creative at figuring out how to put it to use. never sue for them that. see -- ilorne said it reminds me of his depression era grandmother. he wants a annual 4% cash dividend. which he says could boost the faltering stock. at least by of late, several hundred dollars a share he thinks he can move it. let me say this. i run a charitable trust that as this a stock in apple and i'm hard pre

, the market. we have assembled a trio of wall street's most respected voices to join us for the next hour. we have a lot to talk about this morning. plus, there is that issue of the lights going out at the super dole last night. officials say an abnormality in the power system triggered an automatic shutdown forcing backup systems to kick in. but they weren't sure what caused that initial problem. 34 minutes that the lights were out. brian shactman will join us in just a minute for the full story. this was a super bowl to remember for a lot of reasons, not the least of which the lights going out like that. let's get out to the headlines. the dow and the s&p 500 closing friday at their highest level since 2007. the major averages posting a fifth straight week of gains. u.s. equity futures this morning, you can see, are lighter, down by about 33 points for those dow futures. s&p futures are off by about 4 1/2. but, again, the dow above 14,000 for the first time since october 2007 on friday. oil analysts are saying that trading could be choppy in the energy markets today amid growing tensions in

will join us with the latest from power outages to grounded flights. then, of course, there is the topics of the markets. earnings season is winding down. only 53 s&p 500 companies set to report. one event to watch, janet yellen is scheduled to speak on the economy today and our guest host this hour will be the former managing director at pimco. he's currently the share of global societies of fellows. and also we have rebecca patterson. we've got a lot to did you discuss with them. before we do that, we're going to head over to michelle who has the morning headlines. >> thank you for that, andrew. usair and nmr are set to meet. boeing completed what it called a, quote, uneventful test flight of the 787 dream liner on saturday. it was the company's first test since the airlines were grounded more than three weeks ago. >>> carnival cruise ship in the gulf of mexico will need to be towed to port. carnival's triumph, as it was called, was heading back to galveston, texas, when the fire occurred. the ship's extinguishing system kicked in, no injuries were reported. >>> let's get over to ross w

viewers? >> you want to use the volatility to find the companies strong free cash flow. like the auto stocks, toyota, emerging markets have been relative underperformers year to nate. buy dong fang motor, make 3 million cars in china every year, a company you can own to play the catch up trade in the emerging markets. >> howard? >> i agree with what sarah said. apple has couldn't come up 4.7 times ebidta. apple is extremely cheap, the stock will be at $600 the next 18 months. buy it again. >> go back to 600. >> you care about all the proposition 2? >> yeah. >> i don't think it's critical >> i think it is a bit of a nuisance. this is a company that's made more money for shareholders in the last few years than the entire rest of the technology industry combined. give them a break. they didn't even have a dividend 12 months ago. >> right or wrong? >> i don't know if he's right or wrong. i think you have to give management a little bit more time. i think that we are going a little too hasty pushing them h i think they will do the right thing, return more cash to shareholders. no question

the largest us airlines to ensure that you are more comfortable and connected than ever. we are becoming a new american. with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. >>> i'm jim cramer, and welcome to my world. >> you need to get in the game! firms are going to go out of business, and he's nuts! they're nuts! they know nothing! >> i always like to say there's a bull market somewhere -- >> "mad money," you can't afford to miss it. >> hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make friends, i'm trying to save you a little money. my job is not just to entertain you but to make you a little money.

in the market for a while. people know about it, and the reality is that in the u.s. specifically we see economic activity improving in the future and improving more than expectations and a big driver of that is the housing market. housing drives consumption and housing prices are going from linear to parabolic which gives the consumer more power to purchase. >> rick santelli, jump in here for a minute because we're trying to figure out if in fact we are seeing this trade out of fixed income, into stocks, not necessarily happening today, but do you have any read in terms of if this is an actual trend happening? >> well, i think when i look at treasuries, i see we're only up 19 basis points on the year in 10s. i don't think it's an issue. i don't see this impending huge selloff in treasuries. listen to the dovishness in europe with regard to a variety of issues, not the least of which is they are worried about a high euro and growth in some of the southern countries. >> yeah. what did you -- >> i do see it playing out in high yield and corporates. quickly if you look at barclays, one-mont

a professional trader side, but you don't fight the fed. the other big ben, i used to be that guy until he showed up, and what's going on with the money flow is coming into equities. >> ben willis just moments ago mentioned short conversation. you think part of this at the end of the day was short covering. >> absolutely. >> the shorts were getting their head handed to them on monday and here we go, after monday on tuesday, and today as well. i'll seal you at the top of the hour. good to see you. >> another big hour. what do we do from here? >> if you're surprised by the action we've seen over the last couple of days, what are we to do? my professional trader, 30 years on the trading floor wants to sell into it but don't short it until you buy coverage. the vix had a great pullback. bought the vix earlier in the month, you had a great return on the investment but if you didn't sell it out and took the profit you're getting squeezed. buy the vix. >> even with the move that we've seen, a feeling that certainly the market would show you over the last, you know, few selloffs here that it's a bit frag

. michelle caruso cabrera is there on scene. she's going to join us with more and what the means for carnival and the broader cruise industry overall. >>> we are tracking the markets this morning. a lot of excitement fueled in large part by deal activities. in the last few days aloep, we heard berkshire hathway is buying heinz for $3 billion. and comcast announcing a $16.7 deal to buy out ge's remaining stake in cnbc parent nbc universal. warn buffett on "squawk box" yesterday. >> i'm ready for on the another element. please, if you see any walking by, please call me. >> how much do you have on hand, cash deal? >> year en, we have about 47 billion of cash. but we always like to keep and we will keep around 20 billion. so you might say the excess cash at year-end was about $27 billion. >> we will talk more about animal spirits this morning. among our guests is sandra o'neal's jimmy dunn, robert caplan, cantor fitzgerald's bill nichols and former etrade ceo mitch caplin. plus, kelly evans will be joining us from some of the headlines out of that gathering. but the story out of russia this morni

you, appreciate it. that does it for us today. make sure you join us tomorrow. right now it's time for "squawk on the street." >>> good wednesday morning. welcome to "squawk on the street." i'm melissa lee, along with carl quintanilla and david faber. jim cramer is off this week. today we've got treasury secretary nominee jack lew heading to capitol hill. let's check on where we stand in terms of u.s. futures. it looks like we'll be building off of multi-year highs here in the u.s. the picture in europe, again, the sort of anti-race to the base movement going on. the euro is moving higher this morning. we see green arrows across the board. overnight in asia, japan's nikkei down by about a percent here. on heavy volume. the yen gaining there. our road map starts in washington, d.c. the president unveiling an ambitious agenda. he also called for billions to rebuild the nation's infrastructure. >> the dow is back above 14,000. only 1% away from an all-time interday high. the s&p also near its highest levels since november of 2007. what could help markets today? better than expected ea

much for joining us this morning. >> thank you. >> and thank you, everybody, for joining us this morning. enjoy that long weekend. we will see you back here on tuesday. right now, it's time for squawk on the street. >> welcome, live from the new york stock exchange. jim cramer is off today. the u.s. session here, we just had empire state manufacturing crossing, turning positive for the first time since july. we see futures hugging the flat line pretty much. the s&p with a bias towards the green. in europe, the d-20 meeting is underway in moscow. your mixed bag as we have spain in the negative. japan's nikkei, that's one that's notable, dropping as yen strengthen for the fourth straight session. hang seng is wup and kospi is flat. >> our road map begins with a valentine that carl ichichan. it's the latest sell in the battle of the billionaires as the shorts feel the squeeze. >> apple emerges as the battleground stock with the likes of einhorn and tsiros and low, getting out. >> they are off the boat. passengers on the carnival triumph finally disembarked in mobile, alabama, b

investors and ben white, chief economic correspondent at politico. also here with us is david joy. it's great to have all you guys here. phil, why has the rally stalled? >> well, we've gotten out of the gate in terrific shape here. the stock market, the s&p is up about 6% the first six weeks or so of the year. we've got a very constructive full year forecast of 1660 on the s&p, which would be a record high. but we didn't think we were going to go straight there. the reality is that we've had a terrific run. the markets are a little bit tired. you've got some washington-related news coming up over the next month or so. we would expect that this would be a perfect opportunity for, you know, a 3% to 5% pause. and i think we're starting to see that reflected -- >> up to 5% is almost the whole thing. >> well, look, a week from now, president obama is going to do his state of the union address, okay? typically the market doesn't respond well when the president talks. then we're going to start to get into some of the nitty-gritty, some of the spending issues. that would be a perfect opportun

. >> hopefully dollar yen will give us good fortune this week. >> your next chance for currency trade, sunday afternoon. have a great weekend. >>> i'm jim cramer. welcome to my world. >> you need to get in the game. >> he's nuts, they're nuts! they know nothing. >> i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. >> hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make friends, i'm trying to save you a little money. my job is not just to entertain you but to make you a little money. so call me. call it a pleasant day with the dow gaining 4.9 points, nasdaq falling. we hear from annie's. now i got to tell you after the hammering that haynes celestial took, what is this company? a much more expensive natural food players have to say for itself? there is a gigantic short position in this company. could there be a more timely tell on the strength of the housing market and the rebuilding after sand see? total baited breath for this call. then there's ncl corporation, cruise ship tax are red hot. tuesday brings us

along with joe kernen and andrew ross sorkin. keeping an eye on the u.s. equity foourchs, well, after a couple of days of declines, dow futures are up significantly this morning. that's a gain of 50 points above fair value. the s&p 500 is opening up by about 6 points and this comes after two days of declines and a lot of questions about whether this rally has tapped out, at least for the moment. among the key market drivers this week, the fed and the conversation continues today. boston fed president eric rosengren and fed governor jerome powell will be speaking at a forum in new york. you don't have to wait until then to get inside scoop on the central bank. james bullard will be our special ges guest, with us starting at 7:00 a.m. eastern time, and this is huge given all the news from the fed this week and all the questions the market has been asking. the two-days of declines we've seen in the markets has pretty much all been blamed on the markets that we got a couple of days ago. we will talk to jim about everything that was happening inside the room and try to get his take to wher

>>> welcome back. our guest host told us earlier, there's a list of stocks that will double -- you know, stocks that go up, and then time. everybody's going to double eventually, i would imagine, right? when are these going to double? >> if you go back to the nifty fifty of 1973, they were two times erjs. 1999 it didn't double. the economies will grow on a global basis, 3% plus inflation. >> how many have you got? >> i picked ten in baron's, those are available if anybody wants to go on the roundtable. two that are new that weren't there, one is a company that just announced last night the results, gencorp, they bought rocket dyne, and they're closing in on that. and that business, the basic manufacturing business which has short-term hiccups will earn 3 cents or 4 cents in the next few years. significant acreage in an area called sacramento, and real estate is booming. second one is a simple one, that's called legg mason which i announced yesterday. legg mason, 164 million shares, down to 128. every day they announce two-thirds of the cash flow is going to buy back stock. great ca

. join us tomorrow. "squawk on the street" begins right now. >>> good wednesday morning. welcome to "squawk on the street." i'm melissa lee, with carl quintanilla, jim cramer and david faber at post 9 here at the new york stock exchange. the day after we broke a lot of records for the u.s. markets, we're looking at an update for the dow. the s&p looking to give back just a little bit, along with the nasdaq. as for the picture over in europe, some comments from germans chancellor angela merkel about the euro saying between 130 and 140 for the u.s. dollar is normal. those are the comments being focused on this morning. a mixed bag in terms of europe and take a look at the picture in asia. the nikkei, the one to focus on, closing at a 4 1/2-year high in yesterday's session. >> fresh five-years for the s&p and dow, fresh 12 years for the nasdaq, helped in part by a renewed appetite for deal making. >> cracks in the housing picture this morning, january starts to decline 8 1/2%. toll brother earnings sharply miss earnings. >> could demand for the iphone be cooling? fox con pressuring

notes and talking to strategists. you say all sorts of strategists are using all kinds of metrics to spot a pullback. what are they? what are the most important metrics to spot a pullback on the horizon? >> sure, maria. after you see the kind of blistering run you've had this year, the s&p 500 up 6.5%, traders and investor strategists looking for a pullback and looking for different guideposts and signs of when a pullback is happening, and some are going to look to sentiment indicators and some look to high-yield spreads. the analysts over at jpmorgan are going to be studying that. i talked to paul hickee over at spoke this afternoon, and paul is a bull. one reason is they's going to look at jobless claims and the relationship between jobless claims and the s&p 500. one reason, paul will tell you, he's still bullish because jobless claims, the four-week average, at a post-recession low. >> all right, john, you're sitting there on the trading desk all day long, see the flow. what kind of a commitment are you seeing in terms of equities? is it still as strong as it was earlier in th

with normal video and this is me being shot with the eight millimeter application. the death tore showed us frame by frame where he used the app. one example, this aerial sequence. >> this is actually out of a flight window. it looks like real film. you can't tell the difference. >> reporter: he told us he also used the app to shoot video off a computer screen. his purpose was to get that '70s feel, the time when rodriguez, his subject, was actively making music. >> i filmed this with regular film, and i shot the computer screen, like that, so i got the super eight feeling. >> reporter: tracking down the creator of the app proved a challenge. we eventually located him in northeastern china where he was visiting. by skype he shared his reaction to finding out his app was used in an oscar nominated film. >> it's crazy. we are pretty thrilled. >> reporter: hearing about his app's connection to the film inspired him to watch "searching for sugar man." >> what did you think? >> it's quite a touching film. >> reporter: hong is a fan of the movie by beng lou is a fan of the app. nischelle turner,

'm not a participant per se, i'm just a spectator, and it's a fun sport. >> thank you. and thank you, michelle. join us tomorrow. "squawk on the street" is next right now. >>> congratulations to grammy winner fun and all the grammy winners from last night. welcome to "squawk on the street." i'm carl equipment a nil la with melissa lee, david faber here at the nyse. david cramer is off this week. a busy week it's going to be. europe this week, finance minister meeting from all of the eurozone talking about cypress and greece. as for asian markets, mostly closed as the chinese new year took place over the weekend. it is the year of the snake. our road map begins with a hat trick of news out of technology. dell shareholders balking at the buyout price. and apple testing a watch-like device. >> the s&p 500 is up for the first six weeks of the year. something that has not happened since 1971. a big week is ahead as carl mentioned with earnings from coke, cisco, gm, whole foods and michael kors. >> nemo, watch the impact on business, ford at least said it should not have a major impact on february sales. >>

the ron insana. keep it off. make sure you join us tomorrow. "squawk on the street" is next.. >>> that was an image could i do without. i'm carl quintanilla, melissa lee, jim cramer, david faber. we begin 89 points from the all-time closing high. just this side of positive and chicago pmi on the way. europe has gains this morning. tokyo rebounded along with the rest of asia. china pmi is out tonight. >> our road map this morning starts with what could be a record-setting day. as carl mentioned, the dow just 89 points away from its all-time high, sit a day away from the potential sequester cuts kicking n >> the bleeding continues at jc penney. sales down a whopping 28% from the holiday quarter. how much time does ron johnson have to turn things around in the stock down 40% since they took over? >> speak of bloodbaths, group reason shares taking a dive on its much, much wider quarterly loss. analysts not betting on the company being able to outage zohn amazon on its new strat joif selling goods. >>> we begin with the dow taking aim at record territory after a second consecutiv

will join us to talk business on and off the diamond coming up at 8:40 eastern time. >>> an interesting mix of topics in rotation today. first, let's get over to andrew with the top headlines. >> thanks. >>> boeing reportedly found a way to fix battery problems with its grounded 787. here's what's happening. involves increasing the space between cells in the battery. a source tells reuters the gaps between the cells were why there was overheating. we'll talk about that in a bit. >>> in other news on boeing, the company's engineers are split on a contract. the largest professional group approved the planemaker's latest contract offer. but members of a smaller technical union are rejecting it. both groups authorized the union to call a strike. the groups negotiate together. but the contracts are separate. so talks are set now to resume. and no work stoppage is expected. at least in the near term. >>> also in the news, the fbi says it's now looking into alleged insider trading in the options of heinz for its acquisition by berkshire hathaway and 3g capital. the sec filed suit against unknown t

do you think about germany? > > you know, europe good is good for the u.s. that has been kind of the big laggard on, i think, the global economy. so if europe gets its act together, i think the s&ps go to the moon. > what would you buy right now then, just an s&p index? > > yeah, i would be looking at spiders or an s&p future, or call options on the s&p futures with the vix so low. > you are definitely a bull in this market. > > absolutely. > would you buy any stocks related to germany? > > you know, maybe. i think i would still like to stick to core u.s., because u.s. continues to lead the overall world. > mark, great to have you on the show. we will see you in a bit. > > thanks for having me. president obama turns up the heat on members of congress to avoid automatic cuts to federal funding that could start by the end of next week. the deadline was created to help settle the debt ceiling crisis in 2011. but as our cover story explains, so far, sequestration has become another term for a stalemate. standing among first-responders who'd face cutbacks statrting march first, pre

from the world mobile congress in barcelona and will join us in the next couple of shows, just not today. we'll be in berlin for the super return conference. is dea-- is dealmaking back? we'll be there to find out. >>> plus, retail giants limited, target, tjix, and jcpenney set to report earnings today. we'll head out for a checkup and to find out how much of an impact hurricane sandy has made on profits. >>> it was a budget day in hong kong. we'll head out east to get all the data as the city's poised to enjoy a return to higher growth. >>> and we fly tout singapore to speak to the global head of trade at hspc who think that the face of trade is changing as more high-end products are due to be exported out of emerging markets. >>> bides all of that -- besides all of that, the focus is on the auction in italy. that will hit the tape in an hour and ten minutes. how much will italy have to pay for its political impasse? rome looking to sell between three and four billion euros of a ten-year issue. this was the six-month auction producing the most since 2012, up around 50 basis po

capital joins us on this monday morning for a closer look at the markets. we have to talk about the snow situation. how did it affect the market even on friday? > > on friday we saw such a sharp drop-off in volume. the market in general, volume has been nothing to really write home about, because it has been subdued. and that usually happens in this low-volatility kind of one-way street, non- eventful marketplace. so, when you get a weather concern, it is even less of an incentive for traders to participate in the market. so, a drop off in volume is really a natural occurrence in this environment. > you are just back from china. what did you find there? > > lots of pollution. i was in beijing for two days. i have been in china numerous times, and this was by far the worst i've ever seen it. but, aside from that, you look at the economy, things are moving. it is bouncing right along, and they are rebalancing the economy. you can see the service sector, the financial sector, different things moving. so i think in general things are moving in china. there is still a lot to be done and a lot

join us on monday. right now time for "squawk on the street." >>> good friday morning. welcome to "squawk on the street." i'm melissa lee, with scott wapner and james cramer. carl quintanilla is on assignment and david faber is in palo alto, california, getting ready for his big interview with meg whitman. it looks like a comeback. dow looking at 89 right at the open. look at the picture in europe. this is really being driven by those eco numbers, giving stocks a bounce. despite forecasts that the euro area economy will see back-to-back years of contraction for the first time. of course, now the focus turns to the weekend's italian elections. overnight in asia. shanghai is closing out its worst weekly loss in two years. nikkei managing to close higher. road map this morning starts with the markets. we' results from aig and upgrade for home depot helping stocks today, and hewlett-packard. >> hp is popping pre-market on the back of the earnings. sigh of relief for the investors as the company showed some progress with its turn-around. david will have the exclusive with meg whitma

pope? abc's david wright lets us know. >> reporter: cardinal sean o'malley is a prince of the church who lives like a pauper. even his clothes set him apart. cardinal sean, as he likes to be called, wears the simple brown robes of a monk, plus sandals. even in winter in boston. >> he's a holy man, and a man of simplicity. wouldn't that be a lovely thing to have in a pope. >> reporter: the boston arch diocese he inherited was badly tainted. he sold off the cardinal's residence to pay off the victims and moved into a single room. the church has not always been so responsive. >> any new pope is going to have to look at that issue and speak to it. >> reporter: here in rome, there's been an unwritten rule, no pope from a superpower. but vatican watchers say times have changed. >> people realize a cardinal from the united states is not necessarily going to represent u.s. political interests. >> reporter: o'malley is one of two american names being floated. the other, timmy dolan who scoffed at the idea. >> what about you? >> is this abc evening news or comedy central? >> reporter: and o'ma

, says keep every dollar cash on your balance sheet but use the free cash flow, paid out a dividend on the free cash flow, the stock would go up 50%. >> bill miller the past 24 hours, bethany mcclaine -- >> $200 -- >> marco rubio is out this morning on twitter saying the number of chargers is driving him crazy and moving closer to samsung. >> his response in the state of the union. >> i think time for a congressional investigation into the most successful company on earth. it's really time to -- house on american activities committee part two. >> briefly stated this idea that einhorn and bryce said he has brought up the company they considered and punted on is the idea of issuing, at no cost, a perpetual per pre-ferred to stock to exsig hold hearse pay you about a 4% yield. said another way, around 25 multiple, right, 4% yield, you can back in on an eight multiple stock. >> a blended multiple pullup? >> yielding 4%. >> maybe the part we are not paying enough greed dense to is the fact that he maintains his position, einhorn, owns more now than he says he ever has. >> didn't help his

they're doing. keep it up, fellas, and the we can do anything to help, give us a call. >> thank you so much. >> thank you for having us. you get younger by the day. jose, let's get to the ladies and play some fwofl. >> "squawk on the street" begins right now. ♪ let's do it >> good tuesday morning. welcome to "squawk on the street." i'm carl quintanilla with melissa lee. cramer is back. welcome, jim. >> thank you, partner. >> live at the new york stock exchange, faber is off today. futures are tipping a bit higher here. we've not had a losing week so far this year. germany is up on the back of a good zew numbers. our road map begins with a holiday shortened week. but plenty of earnings and data. back and raring to go. >> oh, is he. and a highlight this week will be earnings from walmart. february sales are a disaster. could it be because of gas prices which have climbed for 32 days straight? >> office max and office depot in advanced merger discussions in an all-stock deal that could be announced this week. what could that mean to this year's m&a trend? >> and best buy is trying to ki

-term thing themes that got us here. these themes can't turn on a dime. it might feel like it could, but i want to return to themes that don't have me suggesting go 100% cash as i heard some today, or end of the world, and i'm not going to tell you to be a trader. i've worked hard on the show to get away from trading, the risk on, risk off garbage. that you need to dump everything because it's thursday, the vast majority of you are not traders and you deserve not to be whipsawed. you deserve better than that. let's start with my favorite theme, housing. yesterday we developed an unbelievably negative attitude toward housing. worries about home builder optimism and allegedly a terrible quarter from toll brothers. first off, toll, it wasn't a negative conference call at all. the business stronger than it was in years. 49% increase in orders and the backlog is that really bad? many areas across the country, toll brothers selling out developments faster than it ever has. how do people miss this stuff? i have to believe traders only read the headline numbers and freaked out without listening to

, and central banks that are, back to your point, giving us all kinds of ammo. >> thank you. >> we've got to go. >>> "squawk on the street" begins right now. >>> it was a year ago that this vision you're looking at right here became reality. we're talking about our home at post 9. the first set on the floor of the new york stock exchange. back when the dow was about 1,000 points lower, ushering in a new era for cnbc, nyse and "squawk on the street." i'm carl quintanilla, with melissa lee and jim cramer here at the new york stock exchange. faber is off today. bernanke's on the hill again. durables were a miss. the cap x component was a blowout, the highest in a year. italy had a not bad ten-year auction. nikkei had a second straight day of loss, but otherwise mild gains in asia. >>> the day after the second triple-digit gain in three sessions, helped by the fed chairman's assurances that the qe is here to stay. he continues the second day of testimony at 10:00. we'll that live. >>> the agenda may look like a snoozer, but will shareholders demand answers of what apple will do with the cash. >>> t

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